Certes, United buy garage next to their UWS resi project

Developers pay $26.5M for site next to infamous former hotel

New York /
Aug.August 21, 2015 04:34 PM

Certes Partners and United Management paid $26.5 million for a six-story parking garage next door to the notorious Camden Resident Hotel site slated for a new 10-story rental building, according to property records filed with the city Friday.

The Boca Raton, Fla.-based Feig family trust has owned the 33,130-square-foot property at 214-218 West 95th Street for more than 45 years, records show. Investor Lawrence West most recently controlled the family’s entity, Uptown Realty Associates LLC, at the time of the sale. Hertz previously operated the garage, located between Broadway and Amsterdam Avenue.

Last month, Certes and United filed a permit application to construct an 18-unit, 26,000-square-foot apartment building on an adjacent site at 206-212 West 95th Street. The Camden Resident Hotel, which the 24th Precinct on the Upper West Side once ranked as one of the area’s most dangerous buildings, stopped operating as a single-room-occupancy facility in 2013.

The two sites offer a combined 85,000 buildable square feet, according to Certes. The developer hired CetraRuddy to evaluate the garage property’s potential.

Certes and United bought the hotel for $15 million last year, as previously reported.


Related Articles

arrow_forward_ios
Adam Leitman Bailey, Y. David Scharf, and Miki Naftali with 215 West 84th Street (Adam Leitman Bailey, Morrison Cohen, Getty)
Naftali lays out project as holdout tenant plays new card
Naftali lays out project as holdout tenant plays new card
Bill Ackman and a rendering of the glass penthouse at 6-16 West 77th Street (Getty, Foster + Partners)
Bill Ackman getting his glass penthouse … mostly
Bill Ackman getting his glass penthouse … mostly
3 Riverside Drive (Street Easy, iStock)
Huge UWS mansion with stalled renovation gets another price cut
Huge UWS mansion with stalled renovation gets another price cut
Jeff Blau, CEO, Related Companies, in front of The Lyric at 255 West 94th Street (Getty Images, Google Maps, iStock)
Korean firm makes US debut with $266M acquisition from Related
Korean firm makes US debut with $266M acquisition from Related
Equity chairman Sam Zell in front of 140 Riverside Boulevard (Getty Images, Equity Residential)
Sam Zell sells former Trump Place apartments on UWS for $266M
Sam Zell sells former Trump Place apartments on UWS for $266M
Dina Wein Reis in front of 25 Riverside Drive (StreetEasy, Google Maps, Getty Images)
Convicted scammer Dina Wein Reis lists UWS mansion for $65M
Convicted scammer Dina Wein Reis lists UWS mansion for $65M
Kenneth Horn, founder, Alchemy Properties, and West-Park Presbyterian Church at 165 West 86th Street (Alchemy Properties, Google Maps)
UWS church throwing Hail Mary to save congregation
UWS church throwing Hail Mary to save congregation
St. Paul and St. Andrew United Methodist Church at 263 West 86th Street (Google Maps, iStock)
Upper West Side church prays for air rights extension
Upper West Side church prays for air rights extension
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...